B.Riley FBR Sticks to Their Buy Rating for Baker Hughes a GE company (BHGE)
B.Riley FBR analyst Tom Curran reiterated a Buy rating on Baker Hughes a GE company (NYSE: BHGE) on October 5 and set a price target of $42. The company’s shares closed on Friday at $31.90.
According to TipRanks.com, Curran is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.3% and a 47.6% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Diamond Offshore Drilling.
Currently, the analyst consensus on Baker Hughes a GE company is a Strong Buy with an average price target of $38.56, representing a 20.9% upside. In a report issued on October 3, RBC Capital also reiterated a Buy rating on the stock with a $40 price target.
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The company has a one-year high of $37.76 and a one-year low of $25.53. Currently, Baker Hughes a GE company has an average volume of 3.34M.
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Baker Hughes, a GE Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. Through its subsidiaries, it helps its customers acquire, transport, and refine hydrocarbons a smaller environmental footprint. It offers products and services for upstream, midstream, downstream, industrial, and digital.